Submission of Annual Report for the financial year 2024-25
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Cella Space Limited has submitted its Annual Report for FY 2024-25 along with the Notice of its 34th Annual General Meeting scheduled for September 16, 2025 at 12:15 PM via video conferencing. Total income for FY24-25 stood at Rs. 550.63 lakhs, down from Rs. 848.95 lakhs in the previous year, but the company reported a sharp jump in profit after tax to Rs. 5,140.26 lakhs (vs Rs. 23.58 lakhs in FY23-24), with EPS rising to Rs. 25.51. Equity shareholders' funds turned positive at Rs. 3,064.93 lakhs from a negative base, driven largely by a proposed capital reduction scheme. AGM items include appointment of a new Secretarial Auditor, approval for unsecured loans up to Rs. 5 crores each to two related parties (Shri Kailash Logistics and OneAlpha Ventures) at 21% p.a. interest, related party transaction approvals, and a special resolution to cancel Rs. 10 crore of preference shares to write off accumulated losses.
Shareholders should note that the dramatic profit surge is largely accounting-driven from the proposed capital reduction rather than core operations, as revenue actually declined. The Rs. 10 crore of loans to promoter-linked entities and large related-party transactions (each around 203% of annual turnover) warrant close scrutiny at the AGM. The capital reduction will clean up the balance sheet but preference shareholders will receive only par value as consideration.